The Great Recession is now in our rear-view mirrors and with GDP growth of 5.7 in the fourth quarter, the recovery looks well underway. However, the surge in growth is unlike anything we have seen in a while. The recessions of the early 2000’s and 1990’s saw inconsistent growth after the recession ended. After the 2001 recession, growth peaked at 3.5% before falling back to 0.1% by 2002. The early 90’s recovery saw growth reach 4.5% before declining to a tepid 0.7% a year later. However the 1980s recession may once again be our best guide for how the current recession may fare. The recession ended in 1982 and by 1983, the U.S. economy was growing at extremely healthy rates. Between Q1 of 1983 and Q2 of 1984, average GDP growth was …
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Canadian monthly GDP rose by 0.3% in February, slower than expected. This sets the stage for a close above parity this week. Will the rate decision wait? The rise of 0.3% missed early expectations that saw a 0.5% growth rate in February, although some economists saw this smaller growth rate. This was half of January’s growth rate of 0.6%. There...
British growth for the first quarter was revised to 0.3%. GBP/USD rises, but the initial gains were limited and erased quickly. Will the Pound make a real recovery? Update on this vulnerable pair (including technical levels). The initial release of British GDP for Q1 of 2010 was very disappointing – the growth rate was only 0.2%, half of early...
Another intense week ended with a significant recovery for the common currency. Will the recovery continue? Or was it just a temporary correction? Here’s an outlook for the events that will rock the Euro, and an updated technical analysis for EUR/USD. EUR/USD chart with support and resistance lines marked. Click to enlarge: The contagious...
The dollar continued to lose ground against its major counterparts yesterday, however today traders are a bit wary of selling the currency further amid Bernanke’s testimony in front of the House later today. The FED Chairman will “bare all” in front of the representatives and explain the current economic situation step by step. It is more than...
“History doesn’t repeat itself….but sometimes it rhymes ” -Mark Twain Is Europe about to re-enact the Lehman Brothers experience? At the moment it sure does feel like it. The sort of slow-motion collapse that Greece is performing is eerily reminiscent of the last days of Lehman, complete with the breezy assumption in some...
EUR/USD breaks to a new 9 month low after GDP is very worrying. An no – the Greek crisis is far from over. Next stop – 1.3420. European GDP figures were very disappointing. Germany’s economy didn’t grow in Q4. This followed weak growth in Q3 . According to the initial release, the German economy stalled. This fell short of...
Britain’s initial GDP read for the fourth quarter is very weak, and the revised versions can easily erase it. The Pound reacted with a fall against the dollar and the Euro. Here’s a review of this important event and a look forward on the Pound. Britain’s first release of GDP was very weak – only 0.1%. Early expectations were...
British growth was dwarfed by the American one , and the Pound ended the week lower. The upcoming week provides lots of important releases, with an interesting rate hike being the highlight. Here’s an outlook for the upcoming week in the Pound, and an updated technical analysis for GBP/USD. GBP/USD chart with support and resistance lines...
The turnaround in the British job market is in doubt, similar to the economy’s growth . The number of unemployed Brits leaped, hurting the Pound’s cautious recovery. Let’s see the numbers: British Claimant Count Change, which is an early and important indicator of employment, showed a big rise in the number of unemployed people...
The Bank of Canada did it again – the rates were raised by 0.25% to 0.75%. There was a consensus for this move. What wasn’t expected was a weaker forecast for the Canadian economy. So, the decision hurts the Canadian dollar . USD/CAD now trades at 1.5560, about 40 pips higher than before the release. Will it convincingly break above the...
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tokyodonkey (?tokyodonkey?) : RT @hirokotabuchi: #Japan's per capita GDP (PPP)'s already been overtaken by Singapore, Hong Kong. Taiwan set to zoom past this year, SKorea.. Updated : 2010-09-07T00:45:44Z | Reply | View Tweet |
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zerohedge (zerohedge) : Hatzius Makes The Strongest Case For QE2 Yet, Or How $1 Trillion In QE Buys 0.5% In GDP (And Increasingly Less): ... http://bit.ly/akqdSQ.. Updated : 2010-09-07T00:45:38Z | Reply | View Tweet |
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FedUpUSA (FedUpUSA.org) : RT @zerohedge Hatzius Makes The Strongest Case For QE2 Yet, Or How $1 Trillion In QE Buys 0.5% In GDP (An... http://bit.ly/bxWouA #economy.. Updated : 2010-09-07T00:45:37Z | Reply | View Tweet |
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